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WASHINGTON, July 31- U.S. Marine Corps Commandant General Joseph Dunford has declared an initial squadron of 10 Lockheed Martin Corp F-35B fighter jets ready for combat, the Pentagon said on Friday. The decision by Dunford, whose nomination to become the next chairman of the Joint Chiefs of Staff was approved this week, is a key milestone for the $391 billion F-35...

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SAO PAULO, July 30- Brazilian planemaker Embraer SA said on Thursday it will delay development of a military cargo jet and forgo $300 million of revenue this year due to Brazil's weaker currency and defense spending cuts, triggering the biggest drop in its shares in nearly four years. Embraer now plans to deliver its first KC-390 cargo aircraft to the Brazilian...

LONDON, July 30- BAE Systems, Europe's biggest defence contractor, is still waiting on securing the new aircraft orders it needs to meet its annual earnings target, it said on Thursday. The company, which generates about a fifth of its total sales from Saudi Arabia, needs to sell more Typhoons to Saudi and other Middle East customers to keep production of the jet...

LONDON, July 30- British group Rolls-Royce reported a 32 percent drop in half-year profits on Thursday but the result was slightly better than expected after the engine maker slashed its forecasts three times in the last nine months. That warning turned up the heat for new Chief Executive Warren East, coming days after he took up the role on July 2.

SAN FRANCISCO— The California National Guard is using a drone to search El Dorado National Forest for a missing San Francisco teacher, marking the first time the Guard has used an unmanned aircraft for a search-and-rescue mission. Kavanaugh was last seen July 17 driving a motorcycle on a trail through El Dorado County, about three hours east of the San Francisco...

WASHINGTON, July 29- Boeing Co Chairman Jim McNerney on Wednesday said the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty of the future of the Export-Import Bank, whose charter expired on June 30. Its charter lapsed after conservatives in the U.S. Congress cast it as a promoter of "crony...

WASHINGTON, July 29- Boeing Co Chairman Jim McNerney said on Wednesday the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty about the future of the Export-Import Bank, whose charter expired on June 30. Its charter lapsed after conservatives in the U.S. Congress cast it as a promoter of "crony...

July 29- General Dynamics Corp, which makes ships, tanks and business jets, reported higher-than-expected quarterly results and sharply raised its full-year profit outlook on Wednesday, sending its shares up as much as 6 percent to a record high. General Dynamics said a rebound in demand for its Gulfstream business jets from S&P 500 companies was particularly...

FALLS CHURCH, Va.— Shares of Northrop Grumman climbed Wednesday after the defense contractor posted a stronger-than-expected profit in the second quarter and raised its outlook for the year. Northrop Grumman Corp. reported lower sales from most of its businesses, but the aerospace unit, its largest, had a small increase in revenue and a bigger profit compared...

*Solvay to finance deal with rights issue, debt sale. BRUSSELS, July 29- Belgian chemical group Solvay has agreed to buy U.S. peer Cytec for $5.5 billion, giving it a bigger presence in the lightweight materials business where demand from the aerospace industry is booming. Solvay said in a statement on Wednesday it would pay $75.25 per share for Cytec, which closed at...

WASHINGTON— Free-falling miles above the desert, his test spaceship ripped to pieces and the frigid air hard to breathe, pilot Peter Siebold struggled through crippling injuries to turn on his oxygen and just to stay conscious. Siebold was aware that Virgin Galactic's SpaceShipTwo had violently disintegrated but then blacked out. Virgin Galactic chief...

French state-controlled Nexter Systems and privately-held Krauss-Maffei Wegmann GmbH& Co KG of Germany have been in exclusive tie-up talks for more than a year. One apparent sticking point had been the reported preference of German Vice-Chancellor Sigmar Gabriel for an all-German merger of KMW with automotive and defense group Rheinmetall designed to...

In its finding, the board took pains to make clear that Scaled Composites, an aerospace company that has partnered with Virgin Galactic to develop the spacecraft, should have had systems in place to overcome the co-pilot's mistake. The Federal Aviation Administration was also faulted in its role of determining whether Scaled Composites should get permits...

WASHINGTON— Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Orders for durable goods jumped 3.4 percent in June from May, when orders had fallen 2.1 percent, the Commerce Department reported Monday. However, the jump was driven by aircraft orders booked...

HARTFORD, Conn.— The Justice Department has launched a criminal probe into allegations that subsidiary helicopter maker Sikorsky and two subsidiaries overbilled the Navy, United Technologies Corp. said Friday. The government filed a complaint last October in federal court that Sikorsky and subsidiaries, Derco Aerospace and Sikorsky Support Services...

July 24- The U.S. Department of Justice has informed Sikorsky Aircraft that it has started a criminal investigation into allegations the helicopter maker overbilled the U.S. Navy for a contract, Sikorsky's parent company, United Technologies Corp, said on Friday. The Justice Department told Sikorsky of the probe on July 13, and requested that Sikorsky and two...

July 24- The U.S. Department of Justice told Sikorsky Aircraft that it had started a criminal investigation, alleging that the helicopter maker had overbilled the U.S. Navy for a contract. The DOJ informed Sikorsky of the probe on July 13 and said it is seeking about $148 million in claims, Sikorsky's parent United Technologies Corp said in a filing on Friday.

BRISTOL, Conn. _ Barnes Group Inc. on Friday reported second-quarter earnings of $34.2 million. Barnes Group expects full-year earnings in the range of $2.45 to $2.55 per share. Barnes Group shares have increased slightly more than 5 percent since the beginning of the year.

The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.